Category Blog

Details: Published: 06 September 2022

Company cars boost the German market

- In Germany, more than half of new cars registered are company cars. 2.4 million employees receive a favorable tax system for their companies.

- In 2012, the German fleet was comprised of 32% company cars, an increase of 11% compared to 2002. Compare with the decline in the share of company cars in the UK and Italy, whose companies no longer receive tax benefits (since 2002 in the UK and recently in Italy).

- In a European market generally declining, sales in Germany company cars have helped curb this trend. In fact, these high sales help offset the decline in sales to individuals and thus smooth the market.

- Vehicle sales to companies also contribute to the health of the German automotive industry. Indeed, the most requested cars are segment D and E vehicles , where German carmakers are well positioned (VW, BMW, Mercedes). These vehicles are all made on German soil, domestic production is thus reflected directly and positively impacted.

Data source: File #55 - Registrations in the World by makes

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Details: Published: 06 September 2022

Tesla develops itself on the premium segment of electric vehicles

- Among the new carmakers that have created themselves in order to penetrate the electric car market , Tesla diffirenciates itself by tackling the electric car market with premium vehicles.

- Tesla is positioned as from the start as a specialist in electric vehicles with a a 100% electric sporty Roadster . This model sold at one thousand copies per year for nearly a decade.

- The arrival of the S Model sedan boosted the brands sales in 2012. This model sold between 60,000 and 100,000 dollars depending on the power and finishing addresses both the E segment cars and F segment cars.

- In 2012, 3,000 S Model sedans have been sold worldwide and the manufacturer expects 20,000 sales in 2013. To achieve this, Tesla will open several concessions in China, the first of which will open this year in Beijing.

- The launch of the X Model next year is expected to boost sales of the manufacturer. Tesla's offer will therefore be enriched while many manufacturers of electric cars have gone out of business or are experiencing serious financial difficulties: Aptera, Coda, Fisker, Think, etc ...

- The first profits announced by Tesla seem to confirm its approach to market electric vehicles. The question is whether the California manufacturer will be able to develop its offer for larger volumes.

Data source: File #55 - Registrations in the World by makes

Contact us: info@inovev.com

Details: Published: 06 September 2022

Charging stations and the development of electric cars in France

- In the first four months of 2013, 4,968 new electric vehicles were sold in France. The hybrid market seems more promising with 15,292 new vehicles sold in France in the first four months of 2013, three times more than the 100% electric vehicles.

- At this rate, the electric car market could reach between 15,000 and 20,000 vehicles throughout the year 2013, and the hybrid car market between 45 000 and 50 000 (against 9000 electric vehicles and 28,000 hybrid vehicles in 2012). The market for electric and hybrid vehicles has doubled each year in France.

- The increase in the number of charging stations for electric vehicles in France do not yet follow this trend. Today, France has 5,000 charging points listed (including 4000 Autolib terminals), a volume comparable to that of the Netherlands or Great Britain. When the Paris car sharing system is excluded, the country has fewer charging stations than Germany, Italy or Portugal.

- To be in line with the sales growth of electric vehicles and catch up on some of its European neighbors, France should be endowed with 10,000 public terminals in 2013, 20,000 in 2014 and 30,000 in 2015.

Data source: File #55 - Registrations in the World by makes

Contact us: info@inovev.com

Details: Published: 06 September 2022

Registrations

Why Norway is leading on the purchase of electric cars

- Norway has decided to lead the way in terms of electric vehicles by adopting early favorable action for these engines, and this policy is showing success. Electric models are indeed accounted for 3% of the car market in 2012, against less than 1% in France and less than 0.5% in the United States.

- However, the strategy adopted by the Norway pioneer has a price and only works because of the high taxes imposed on vehicles with internal combustion engines and aid to electric models. These measures can cut the price of the Nissan Leaf to 28 650 euros to compete with a vehicle such as the Volkswagen Golf with a 1.3 liter engine (28 325 euros). It is the only country where both models have such a small price gap between them.

- Norway can afford to implement this policy in favor of electric vehicles as it is among the countries that have escaped the global economic crisis thanks to revenues from its oil and gas reserves. Drivers of electric vehicles traveling in Norway can save up to 1,080 euros per year on tolls and enjoy free parking up to 3,870 euros per year, not to mention the opportunity to ride in bus lanes, instead of sitting in traffic.

- These government incentives is scheduled until 2017 and will be rediscussed.

Data source: File #55 - Registrations in the World by makes

Contact us: info@inovev.com

Details: Published: 06 September 2022

Why has Audi chosen to produce its Q5 in Mexico

- Audi will establish its future North American assembly plant in Mexico, this plant will produce the next generation of the SUV, the Q5.

- This decision was made partly because of low labor costs, the availability of government grants from Mexico, but also free trade agreements between North America and Europe.

- Indeed, while imports into Europe of vehicles manufactured in the U.S. are taxed at 10%, those from Mexico suffer no tax on the entry into the European market.

- And if BMW and Mercedes built their plants in the USA in the 90s (who also produce SUVs) at the time the U.S. and Mexico were under the same level of tax for the entry of vehicles on the European market.

- Audi will have a plant in Mexico able to produce 150,000 vehicles per year, including 65,000 for Europe and 35,000 for the United States. The remaining 50,000 will be for the rest of the world.

- Please note that the Audi Q5 sold in China are and will be produced locally.